Earlier this week, the Miami Today News reported that construction is scheduled to begin on Bayview Market in the first quarter of 2010. The commercial development will consist of up to 535,000 square feet of retail and office space and cost approximately $200M. The 7.35 acre site will be located in the Arts District of Miami on the corner of NE 17 Street and NE Second Avenue and will include big-box retailers and a supermarket.
Bayview Market has been a highly anticipated commercial development in Miami and will be a great boon for the Arts District as well as Downtown. Both neighborhoods currently lack quality retailers and a nice supermarket. Lowe’s, the home improvement store, will act as one of the anchor stores at Bayview Market. It is estimated that the development should take about 18 months to complete.
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